It's not a coincidence Jamie Dimon, Elon, Jensen, and Barry Diller all share the same management philosophy: getting the truth from the source
Dara on what he learned from Barry Diller in his 20+ years working with him:
"I was an analyst at Allen & Company working on the LBO model for Paramount.
Barry didn't want to talk to the MD or the VP or the associate.
He'd say, 'Who built the model? I'm going to talk to that guy.'
He wanted to hear straight from the source.
It's the filtering that gets the edge out of the situation, and it's often the edge that gives you an edge. It's not the average."
@GavinSBaker in our conversation from 2024 explained how Elon, Jensen, and Jamie work:
"Wherever in the company the problem is, that is who Jensen and Elon go to work with — the subject matter expert, whether they're 23 or 50, there's no hierarchy.
When JPMorgan was buying Bear Stearns, the best modeler in the company was 24 years old.
They set up a desk for him side-by-side with Jamie. Jamie would say, "Change that, change this."
He didn't ask for that guy's boss. He said, 'This guy is the best, I want to work with him.'"
Dave Ramsey responds to a 22-year-old graduate earning $88,000 a year while still living with his parents and saving aggressively.
“I graduated from college last June and landed a job paying $88,000 a year. I still live with my parents, and with my current budget, I should be able to save $100,000 by the end of next year.”
“I’m trying to figure out if I should move out now or keep saving longer so I can make a bigger down payment on a house.”
Yearly reminder that “Super Bowl parties” are just terrible, watching the game solo / with 1-2 family members is light years better. Don’t even get me started if YOUR TEAM is playing & you attend a party.
Remember when Clavicular ran into a frat leader at ASU and got brutally frame mogged by him and we all had to just… Go to work the next day? Like nothing had happened?
My buddy overwithholds his W2 and gives the IRS a $5,000 interest-free loan every year
Financially illiterate
I got my withholding perfect. Extra $400/month in my pocket - went straight into Bitcoin
I'm down 42%
But the government never touched it
Become ungovernable